Sumitomo taps partners to add value in Brazil

Japanese trading house Sumitomo Corporation has spent $250 million to take a minority stake in a private equity-led water concessionaire in Brazil. How will it add value?

Sumitomo Corporation intends to bring in international technical partners to upgrade and add value to the 26 Brazilian water and wastewater assets it has just bought in partnership with Brookfield Business Partners and its clients.

In late April, the majority of Odebrecht Ambiental’s Brazilian water assets were sold and renamed BRK Ambiental, an entity which going forward will be owned...